Beauty and Health sector-focused sustainability data startup Fairglow announced today that it has raised €3 million (USD$3.5 million) in a seed funding round, with proceeds aimed at commercializing its software platform to help cosmetics companies measure, manage, and reduce product-level environmental impacts.
Founded in 2023, France-based Fairglow provides a SaaS platform designed to enble cosmetics and health companies to measure, report, and reduce product-level environmental impacts, integrating life cycle assessment (LCA), carbon accounting, and eco-design tools into a single system.
According to Fairglow, the cosmetics industry accounts for approximately 1.5% of global CO₂ emissions, with more than 90% from Scope 3 sources such as raw materials and packaging. However, the lack of modeled environmental data for most of the roughly 30,000 ingredients used in the sector makes large-scale Life Cycle Assessments (LCAs) difficult using traditional tools. The company said that its platform aims to address this gap by automating LCAs and reconstructing missing data to enable portfolio-wide, audit-ready assessments.
The company said that the new capital will be used to expand its sector database, enhance its environmental modeling engine with AI-based data reconstruction capabilities, support early deployment of Digital Product Passports (DPPs) in line with upcoming European requirements, and accelerate its commercial expansion across Europe.
Quentin Carayon, Co-founder and CEO of Fairglow, said:
“Our SaaS platform reconstructs missing data through proprietary models, produces auditable results compliant with international standards – including CSRD, the Green Claims Directive, and the future Digital Product Passport – and enables decision-making through an integrated eco-design simulation tool”.
The seed funding round was co-led by Ternel and SWEN Capital Partners, with participation from Kima Ventures.
Juliette Huot, Principal at Ternel, said:
“The best-positioned players will be those capable of aligning environmental and economic performance. By enabling companies to manage environmental impact at the level of formulation and packaging, Fairglow transforms a regulatory challenge into a genuine strategic lever for brands.”
